In a well-functioning cap-and-trade system for pollution rights, society benefits because pollution will be brought down to insignificant levels.

Question

Quizplus · Accepted Answer

A well-functioning cap-and-trade system aims to reduce pollution to regulated levels, not necessarily to insignificant levels. The goal is to limit emissions to a level deemed acceptable by regulatory bodies, not eliminate them entirely.

In a Well-Functioning Cap-And-Trade System for Pollution Rights, Society Benefits